EU Tax Reporting Rules Get Pushback for Being Costly, Duplicative

Groups have added to calls for the EU to revise or even scrap its reporting rules on cross-border tax arrangements, known as DAC6, arguing that they impose a lot more work for tax advisors and companies alike.

AmCham EU, which represents US businesses in Europe, called for companies subject to global minimum corporate tax rules—known as Pillar Two—to be exempt from further reporting obligations.

“Exempting companies in scope of Pillar 2 from large parts of the DAC would ease compliance burdens significantly,” the group argued in its Monday feedback. In general, the reporting rules “create inefficiencies and additional costs ...